How to be Rich?- Make a rich mindset
Before reading how this shocking crazy manner makes you rich, don’t be greedy, and let me introduce three types of people on this planet.
- One who wants to be rich thinks rich and takes action to be rich.
- Another who wants to be rich thinks poor and takes action to be rich.
- And the last one who wants to be rich thinks rich and takes no action to be rich.
All three types of humans given above want to be rich. Some think rich some do not. Thinking is not only sufficient to get your dream. You must take action being crazy for that. I don’t care either you are of type one, two, or three. If you are of type two then I suggest you read the book, “Rich Dad, Poor Dad“.
Are you reading this?
If you are of type three then you must be studying this post. Type one people are unworried about their habits because they believe in themselves and type two people will never be here.
Don’t go with title, “How this shocking crazy manner makes you Rich”. In this article, I am showing you your habits that are preventing you to be rich. I am comparing the poor and rich versions of you in terms of thinking and action to show you a shocking habit that will make you rich.
A poor version of you having a poor habit
Let me assume, you are having a $1,000 salary per month. If you are saving $500, you end with $60,000 saving after 10 years. Let me assume, you are investing $200 on buying property. After 10 years your,
- total income will be $120,000 and total expenditure will be $36,000,
- total savings will be $60,000,
- And also, let me assume that the value of a property you added will be thrice. Your total property will be $24,000*3=$72,000.
- Now total money and property you have after 10 years are worth $132,000
- Remember $132,000
A rich Version of you having a strange rich habit
Assuming the same case with little change, You are investing $600 in the stock market for a 7 percentile of return each year, $150 for a property. Now you have an expenditure of $250 per month. After 10 years your
- total income will be $120,000 and total expenditure will be $30,000,
- total property of property will be worth $18,000*3=$54,000,
- earning of stocks that you were buying over 10 years investing $600 monthly will be $100,658.72.
- Now total money and property that you have after 10 years are worth $154,105.81
Comparing your rich and poor versions
Comparing rich and poor versions of you, the rich version has $20,000 more than the poor version of you. I am not suggesting to you to invest 60% of your income in the stock market. I am here just showing you the power of compounding. You can make the poor version rich by investing around 50% of your income.
Learning the good habit from a rich version of you
Don’t invest where you can make money. Invest in that place, where money will make money. Learn to buy the time of others. Jeff Bezos is the richest person. Do you know why? Because he knows how to buy others time. Even while you are scrolling this, you are investing time here in this blog to be the perfect version of yourself, and I am trying to invest your time to earn money. That’s the law of nature.
Time is the greatest tool for making money. The easiest way of buying other’s time is by investing in the stock market. Persons with a qualification are doing a job in the company you invested for increasing your earnings. Share market gives you more bold features than a real state has. Well, Do you think this crazy manner makes you a rich guy?
FUN FACT: DO YOU KNOW THAT BILL GATES HAS 1,331,800 HOURS IN A DAY. WONDERING WHY? WELL, HE HAS 166,475 WORKERS WORKING IN MICROSOFT COMPANY WORKING FOR HIM. JUST MULTIPLY TOTAL WORKERS BY THEIR 8 HOURS IN A DAY. THIS IS ALSO ONE POINT OF “HOW THIS SHOCKING CRAZY MANNER MAKES YOU RICH”. DO YOU HAVE A HABIT OF BUYING OTHER’S TIME?
What sort of habit should I have to be rich ?
Warren Buffet said, “If only a job is your source of income, then you are one step ahead of poverty.” If you want to be the rich version of yourself, then never do a job to run your life. You should do a job just to raise money for starting up your business. Start a business that can give you passive income. You should develop a manner of investing.
Even I am sleeping now, I am earning money because you are reading this post. In the beginning, after leaving and starting your own business, you may not be able to make money like your boss used to give you but believe me you will learn many things. Being failed on business means doesn’t mean that you are incapable to do. Remember, “The stone which withstands the hammers of the sculptor is worshipped and the one who doesn’t is placed outside the temple to burst coconut. So, I think you got how this shocking manner makes you rich.
So, it’s your choice who you want to be, like a stone inside the temple or a stone helping to serve coconut water for a stone inside the temple.